Debt ManagementSun Communities, Inc. used asset sale proceeds primarily to pay down debt, bringing Net Debt / TTM EBITDA to 6.0x from 6.2x.
Leadership And RestructuringThe return of John McLaren and the $15-20M restructuring and cost-cutting plan are seen positively.
Rate Increases And Expense ManagementStrong 2025 rate increases for MH and RV at +5.2% and +5.1%, respectively, while G&A and operating expenses are expected lower by $15-20M.